China’s envoy to Canberra urged Australia not to be “incited” by NATO’s support for US demands to sharply raise defense spending and instead cooperate with Beijing https://t.co/ZdyQce4R1p ...

Between tariffs and defense spending, ties between the US and Japan aren't what they used to be, writes @GearoidReidy (via @opinion) https://t.co/BxHfxI4NDT ...

Defense Spending Commitment - NATO allies have agreed to devote 5% of their economies to military spending [1] Geopolitical Implications - America has long asked its European allies to increase their defense spending [1]

Macron has pledged to increase defense spending, but the increased military outlays come with hard choices for a France struggling with deficits and debt. https://t.co/vEUjwC2W7M ...

ETF Market Trends & Flows - Vanguard 流出资金显著，其中 Vanguard ETF 流出 66 亿美元，Mid-Cap ETF 流出 44 亿美元[3] - 全球国防 ETF 吸引了 70 亿欧元资金流入，尤其欧洲国防 ETF 的资金流入加速[4] - 欧洲小型股今年上涨 20%，表现强劲，但未引起足够重视，值得关注其预示的信号[15] Defense Sector Analysis - 国防领域更多是工业板块，技术投资（如人工智能、无人机和网络安全）是表现良好的关键因素[6] - 欧洲国防 ETF 正在逆势增长，UAD 等 ETF 表现出色，而 SHIELD 等全球化策略的 ETF 也获得关注[8][9] - 假设北约将 GDP 的 3.5% 用于军事装备，年度国防开支将增加 5000 亿美元[26][27] Company Specifics - 摩根大通积极拓展主动型 ETF 业务，新推出的高收益 ETF 获得 20 亿美元的初始投资[20] - BlackRock 推出 Texas ETF (TEXN)，费用率为 20 个基点，旨在为投资者提供投资德州经济的途径[20] - Cavalli Commercial Aerospace and Defense (GCAD) ETF 资产规模较小，为 900 万美元，但一直在增长，费用在达到 2500 万美元前免除[22] - GCAD ETF 今年以来总回报率增长 19%，超过标普 500 指数的 43%[23][24] - 波音公司面临挑战，但其飞机安全性仍然是行业标杆，FAA 权重占比 51%，且积压了大量订单[28][30][31]

walk us through the thinking around this 2.1%. It's fascinating that Spain can say they can deliver the same capability targets that NATO wants for less of the spend. Where is that math coming from. Is NATO doing that 5% math wrong.Basically the uh main idea is very simple is that the necessary spending will come as a result of a fullyfledged analysis of the capabilities that are needed to or provide uh for the the the NATO uh defense on the threats that have been identified. There's been a complete analysi ...

Market Trends & Geopolitical Risks - Asia is expected to open cautiously due to fatigue in Wall Street's rally and ongoing geopolitical risks [1] - The market is closely watching Asia tech, especially NVIDIA's suppliers, after NVIDIA's all-time highs [2] - The Hong Kong Monetary Authority intervened by buying $1.2 billion of local currency to defend the currency peg [3][13] - President Trump is considering naming the next Fed Chair early, potentially undermining Chair Powell [3][4] - The U S will hold a meeting with Iran next week, but the extent of damage to Iranian nuclear facilities remains uncertain [5][24][25] - Trade truce deadlines are approaching, creating uncertainty about the impact of unresolved tariff issues on inflation [35] Monetary Policy & Currency Dynamics - Markets anticipate that Trump naming a Fed Chair successor earlier could undermine Fed autonomy and lead to a dovish chair, impacting the U S dollar [18][35] - The broader dollar trajectory is for dollar weakness [14] - The Hong Kong dollar is at risk of falling out of its peg against the U S dollar, necessitating intervention [15] - The PBOC is helping to drive down benchmark borrowing costs in Hong Kong, creating an arbitrage opportunity that is pushing down the Hong Kong dollar against the U S dollar [16][17] Company Specific News - CATL is prioritizing overseas expansion due to irrational competition and price wars in China's EV market [1][35] - Zero acquired Melio, a payments platform, for $2.5 billion to bolster its U S offering and capture more market share [37][38] - Xiaomi is launching its first electric SUV, the YU7, and investors are closely watching the pricing and initial consumer reactions [56][57][58]

A major focus of our conversations at the summit was the need for other NATO members to take up the burden of the defense of Europe, and that includes the financial burden. As you know, it was a 2% and we got it up to 5%. And they said a couple of them came up to me.One in particular said, Sir, we've been trying to get it up to 3% for 20 years and we haven't been able and you got it up to 5%. So they're going to be most of them, I guess almost all of them are going to be contributing now 5%, a number that. ...

very historic milestone. This week, the NATO allies committed to dramatically increase their defense spending to that 5% of GDP. Something that no one really thought possible.And they said, "You did it, sir. You did it." Well, I don't know if I did it, but I think I did. This will be known as the HEG Defense Commitment, which is pretty good, pretty appropriate. When the allies reach this number, it will add more than $1 trillion a year.Think of that 1 trillion per year to our common defense. And this is a m ...

As we await President Trump's news conference at the NATO summit, let's get over to Megan Cassellar for more. Megan, hey guys, good morning. So, this is a news conference that will wrap up a very quick trip by the president to the Netherlands, spending less than 24 hours there for the NATO summit, but we do expect him any moment.He's had a series of pull aides this morning with the head of NATO, uh, the leader of the Netherlands. Ukrainian President Vladimir Zalinsky was meant to be on his bilateral schedul ...